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President Obama Signs One-Year NFIP Extension Bill

President Obama signed a bill extending the National Flood Insurance Program (NFIP) late on Thursday September 30, 2010. This bill - S. 3814,...
October 7, 2010

President Obama signed a bill extending the National Flood Insurance Program (NFIP) late on Thursday September 30, 2010. This bill - S. 3814, known as the "National Flood Insurance Program Re-extension Act of 2010" - extends the NFIP through September 30, 2011.

"PIA applauds Congress for passing S. 3814 and President Obama for signing it," said PIA Director of Federal Affairs Mike Becker. "This extension means that property owners across the country who need flood insurance coverage will continue to be able to obtain it while the NFIP reform process proceeds."

PIA had urged Congress to pass an interim NFIP extension of sufficient length to avoid additional interruptions in the program and that allows sufficient time for hearings to be held. PIA supports H.R. 5114, the Flood Insurance Reform and Priorities Act of 2010, which has already been passed overwhelmingly on a bipartisan basis in the House. H.R. 5114 extends the program for a full five years and makes key substantive reforms.

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